Garibaldi Resources (CVE:GGI) Shares Up 26.3% – Still a Buy?

Garibaldi Resources Corp. (CVE:GGIGet Free Report)’s share price was up 26.3% on Friday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 124,450 shares traded hands during trading, an increase of 112% from the average daily volume of 58,823 shares. The stock had previously closed at C$0.10.

Garibaldi Resources Trading Down 8.3%

The stock has a market capitalization of C$16.72 million, a P/E ratio of -0.52 and a beta of 0.17. The company has a 50-day moving average price of C$0.13 and a two-hundred day moving average price of C$0.10.

About Garibaldi Resources

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Garibaldi Resources Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. Its flagship property is 100% owned E&L Nickel Mountain Project located to Northwest British Columbia.

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